u.s. economy news today
- ECONOMY
Live news: Zoom shares jump after raising full year outlook
Zoom said it was still benefiting from the hybrid work trend © Getty Images Shares in Zoom Video Communications leapt…
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Five stars for Aftersun at Cannes — a subtle summer marvel
The effects of Covid can still be felt at this year’s Cannes Film Festival. It’s not evident in the spaces…
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Starbucks to exit Russia over invasion of Ukraine
Starbucks has become the latest consumer brand to pull out of Russia as the wider exodus of multinational companies from…
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Chelsea Football Club sale set for approval after Abramovich meets ‘red lines’
Roman Abramovich’s £4.25bn sale of Chelsea Football Club to a consortium spearheaded by US financier Todd Boehly is expected to…
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Energy shock shows need to rethink green transition, Aramco chief says
The energy shock sparked by the war in Ukraine has shown the need to overhaul green energy transition plans and…
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Clifford Chance raises pay for newly qualified lawyers to £125,000 a year
Clifford Chance has raised pay for newly qualified UK-based lawyers to £125,000 in the latest escalation of a fierce pay…
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Partygate photos prompt renewed criticism of Boris Johnson
Prime Minister Boris Johnson on Monday came under renewed criticism following the publication of photographs reportedly showing him drinking with…
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‘Ashamed’ Russian diplomat resigns over war in Ukraine
A passport photo of diplomat Boris Bondarev, who wrote: ‘I simply cannot any longer share in this bloody, witless and…
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Putin ally gives evidence against former Ukrainian president
Kyiv has released a video in which Vladimir Putin’s top ally in Ukraine accuses the country’s former president Petro Poroshenko…
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Australia is set to become less of an outlier on climate
As incoming prime ministers from opposition parties tend to do, Anthony Albanese declared that Australians had “voted for change”. In…
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Deglobalisation tops the agenda for world leaders
This article is an onsite version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight…
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The Irish language is having a moment in the sun
History was made at Stormont on May 13. In the imposing white edifice built to house what Northern Ireland’s first…
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Lies weaken Russia in its trial of strength with the west
Vladimir Putin has a name for the west. He calls it the “empire of lies”. The Russian leader’s announcement of…
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Didi investors to vote on US delisting in bid to revive China business
Shareholders of ride-hailing group Didi Chuxing will on Monday vote on delisting from the New York Stock Exchange, in a…
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The Norfolk Lourdes: England’s lost Holy Land
Somewhere in an English village — amid the cul-de-sacs and pubs, vegetable patches and garden gnomes, the GP’s surgery and…
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Pfizer to seek US emergency approval of Covid vaccine for under 5s
Pfizer has said it will seek emergency authorisation in the US for its Covid-19 vaccine for children under the age…
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7 things to watch at Davos
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight…
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Iran vows revenge after assassination of commander in broad daylight
Iran’s president Ebrahim Raisi has vowed to take revenge on those responsible for the assassination in broad daylight of a…
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‘A bonfire of the decencies’: Peter Hennessy on Boris Johnson’s government
British politics lurches so wildly that it’s hard to remember what happened a few weeks ago, let alone a few…
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How shadow banks threaten the global economy
The writer is chair of Rockefeller International As the US Federal Reserve raises interest rates, debate rages over whether this…
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David Canzini: Boris Johnson’s influential aide divides Downing Street
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight…
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Large institutions wade into the bond ETF space
Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison…
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Nations in need seek more help on ‘green deal’ loans
For developing countries, the challenge of raising finance to meet the costs of climate change looks impossibly daunting. Rich countries…
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Joe Biden to launch trade agreement with 12 Asian nations
Joe Biden is poised to launch a trade initiative with 12 Indo-Pacific countries, in his first serious effort to boost…
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Joe Biden pledges to defend Taiwan militarily if China were to invade
US president Joe Biden has pledged to defend Taiwan militarily if China were to invade in remarks made during his…
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Overdue reality check for Fed and markets has barely begun
The writer is chief investment officer at Franklin Templeton Fixed Income The US Federal Reserve and financial markets are experiencing…
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EU aims to unify capital markets with live trading databases
European policymakers are renewing their push for real-time databases of stock and bond trading information, in a bid to rejuvenate…
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What a bear market means
Good morning. Ethan here. London was kind to Rob, until it wasn’t. He caught something nasty on the way home,…
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Why seizing and selling Russian assets is dogged by legal issues
This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight…
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Conservative young Brazilians complicate Lula’s path to presidency
Urging young Brazilians to vote, the American actor and environmentalist Leonardo DiCaprio said last month youth turnout in the October…
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Short seller attack as instructive as ‘lost Champions League final’, says Grenke
A German leasing business that was subject to an attack by short seller Fraser Perring in 2020 said it has…
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Key supplier says China will struggle to develop advanced chip technology
The chief executive of JSR, one of the world’s largest suppliers of a material critical for semiconductor production, has said…
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Lib Dems urge clarity on Boris Johnson’s discussions with political adviser
The Liberal Democrats have urged Downing Street to clarify whether Boris Johnson — who is resisting the idea of an…
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EU health agency urges member states to plan for monkeypox jabs
The EU’s infectious-disease agency is to recommend that member states prepare strategies for possible vaccination programmes to counter rising monkeypox…
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Global tensions strain weak links in tech supply chains
Technology often transcends borders. The internet is the clearest example: a network encircling the globe, connecting billions of people for…
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Davos and the new era of deglobalisation
This week, the global elite will convene once again in Davos, Switzerland, after a two-year pandemic break, for the World…
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Has the Fed’s favourite inflation measure continued to fall?
Has inflation slowed US consumer spending? EY-Parthenon chief economist Gregory Daco says the US has already reached peak inflation, but…
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Pennsylvania Senate race gets messy for Republicans after photo finish
Lawyers and former Trump officials have descended on Pennsylvania as the two Republicans vying for a chance to run for…
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Five things to watch for at Summer Davos
The World Economic Forum defines its mission as improving the state of the planet. Yet when it gathers 2,500 of…
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‘Quad’ security group plans system to track illegal fishing by China
The US, Japan, Australia and India will on Tuesday unveil a maritime initiative aimed at curbing illegal fishing in the…
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German finance minister urges EU to rein in public spending
The EU’s decision to suspend its deficit and debt rules for an extra year is not an excuse for member…
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Albanese set to be first Australian Labor prime minister in nine years
Anthony Albanese is on track to become Australia’s first Labor prime minister in nine years, after Scott Morrison’s conservative Liberal-National…
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‘Like a frat house’: can UK parliament’s culture be reformed?
“It’s so toxic at the moment. It’s like Guess Who — with everyone trying to figure out the next harasser,”…
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Biden and Yoon agree to step up deterrence against North Korea
The US and South Korea have committed to exploring “new and additional steps” to reinforce deterrence as Pyongyang continues to…
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Germany’s corporate whistleblowers stuck in legal nowhere land
When Brigitte Heinisch filed a criminal complaint against her employer in late 2004, she did not just flag allegedly dire…
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Ruling on US pandemic border restrictions leaves thousands in limbo
After fleeing Cameroon in 2018, Joy worked and travelled across Latin America. She has now been waiting for two years…
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Family fears for health of activist on hunger strike in Egyptian jail
The family of one of Egypt’s best-known regime critics fears for his health after almost seven weeks of hunger strike…
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The new order of St Barths
As we bank towards the famous runway, metres from the beach of Saint Jean, the visions that fleet across my…
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Supercomputers: the battle of the speed machines hots up
Modern smartphones are thousands of times more powerful than the supercomputers of a few decades ago. But they are puny…
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Big-money deals obscure risk for UK’s empty offices
More than two years since the pandemic first shuttered offices in the UK, they are still half empty. So why…
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